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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Hyloris Pharmaceuticals SA | EU:HYL | Euronext | Ordinary Share |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 11.70 | 11.90 | 13.00 | 0.00 | 16:40:00 |
RNS Number:6527N Hamleys PLC 17 July 2003 17 June 2003 Hamleys PLC ("Hamleys") Not for release, publication or distribution in or into the United States of America, Canada, Australia or Japan. Recommendation of Offer for Hamleys On 30 June 2003, the independent directors of Hamleys ("the Independent Directors") made an announcement advising Hamleys shareholders to take no action in respect of either the offer made by Soldier Limited or the offer announced by Children's Stores Holdings Limited. The Independent Directors also advised Hamleys shareholders that they would recommend a course of action in due course. On Thursday 3 July 2003, Soldier Limited announced a revised increased offer for Hamleys at 254p per share (the "Soldier Revised Increased Offer"). Soldier Limited did not seek a recommendation from the Independent Directors before announcing this offer and no documentation in relation to the Soldier Revised Increased Offer has yet been sent to Hamleys Shareholders. Earlier today, Children's Stores Holdings Limited announced that it has decided not to pursue its interest in Hamleys and that it has conditionally agreed to sell its shares in Hamleys to Soldier Limited. As a result of Children's Stores Holdings Limited announcement, the Independent Directors have resolved unanimously to recommend, in the Soldier Revised Increased Offer document, that Hamleys Shareholders accept the Soldier Revised Increased Offer. The Independent Directors, who have been so advised by Close Brothers Corporate Finance Limited ("Close Brothers"), consider the terms of the Soldier Revised Increased Offer to be fair and reasonable. In providing advice to the Independent Directors, Close Brothers has taken into account the commercial assessments of the Independent Directors. The Soldier Revised Increased Offer document, together with a letter from the Independent Directors recommending it and advising Hamleys Shareholders of the action that they should take, will be posted to Hamleys Shareholders later today. Jim Hodkinson, Chairman of the committee of Independent Directors, said: "After a truly competitive process, we are now delighted to recommend the increased offer of 254p from Soldier Limited. This offer represents over a 100% premium to the share price before the announcement of bid talks on 17 March 2003. Hamleys' shares last traded at this level in June 1998." Enquiries: Brunswick Tel: 020 7404 5959 Rebecca Blackwood Melissa McVeigh Carolyn Esser Close Brothers Corporate Finance Limited Tel: 020 7655 3100 Richard Grainger John Nener The Independent Directors accept responsibility for the information contained in this announcement. To the best of the knowledge and belief of the Independent Directors (who have taken all reasonable care to ensure that such is the case), the information contained in this announcement is in accordance with the facts and does not omit anything likely to affect the import of such information. Close Brothers Corporate Finance Limited which is authorised in the United Kingdom by The Financial Services Authority for investment business activity, is acting exclusively for Hamleys and no one else in connection with this matter and will not be responsible to anyone other than Hamleys for providing the protections afforded to customers of Close Brothers Corporate Finance Limited nor for providing advice in relation to this matter. This information is provided by RNS The company news service from the London Stock Exchange END OUPSFDSUWSDSESW
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